Financial Literacy Money Marvel Quiz

When the demand is high for an item, the price of the item will?

• Decrease

• Increase

• Remain the same

• None of the above

Which of these denotes the word scarcity?|

• When there is too much of something

• When there is too many of something

• When is there is not enough of something

• When you are afraid to lose all your money

Deciding how to spend your money before you actually spend it denotes which among the following terms?

• Accounting

• Budgeting

• Expending

• Encashing

Which of the following is considered an advantage to using a debit card to make purchases?

• Debit cards are convenient and easy to carry around.

• Purchases can be made quickly and easily.

• You can go to any ATM to get cash.

• All the above

Which among the following denotes credit?

• Receiving goods/services now and paying for them later

• The process of depositing the savings the day you received it

• Having ownership of a company

• Accumulating money each month for emergencies

What do we call a fee or a charge that is collected for using someone's money?

• Deposit

• Interest

• Loan

• Cheque

Which is the official currency of the United Kingdom?

• Euros

• Pound

• Pound Sterling

• Dollar

By using which of these, money gets debited/withdrawn instantly from one's savings account?

• Ration Card

• Credit Card

• Debit Card

• None of the above

 

What is defined as the amount of money a business makes after its expenses are paid?

• Gain/Profit

• Deficit/Loss

• Depreciation

• Capital/Investment

Which of the following scenarios demonstrates a good budgeting practice?

• Tom's monthly income is less than his monthly expenses.

• Jerry’s monthly taxes are equal to her monthly expenses.

• Mickey spends less money each month than he earns at his job.

• Batman spends more money each month than he earns at his job.